India needs to win and grow on the pillars of talent, quality, innovation, differentiation and agility, and gradually, but eventually, move away from playing the labour arbitrage game. Promoting creation of IP in India, incentivizing export of software versus export of skills, and necessitating investment in R&D are some of the measures, if pursued through a series of policy interventions, would be useful in seeding and driving the much-needed change in the Indian Industry.
Please click here to read the full article by Minu Dwivedi & Shreya Chowdhury, published in ET HR World.
Minu Dwivedi is a Partner with over 20 years of experience in general corporate and commercial work, specialising in labour & employment, white-collar crime investigations, POSH, governance, FCPA and anti‑corruption matters. She advises leading domestic and international clients across diverse sectors and is recognised as a Notable Practitioner by multiple global legal directories.